Egypt, SISCO ink 1st green port contract

Egypt's Suez Canal Economic Zone (SCZone) and the Saudi Industrial Services Co. (SISCO) on Sunday signed a contract on establishing a multi-purpose international terminal for East Port Said Port.

Prime Minster Mostafa Madbouli attended the signing ceremony.

The contract covers the terminal's design, establishment, management and operation with an expected investment cost of LE 1.5 billion.

SCZone head Mohab Mamish said the project provides 3,300 direct and indirect jobs in all disciplines within the logistics field.

Its revenues range from LE 13 to 20 billion, he added.

Partial operation is expected in mid-2019, Mamish revealed.

The project will be implemented in accordance with the latest global technologies to be the first model for green ports in Egypt, he added.